neutral
Recently
Gold Prices Slide as Strong US Data Lifts Dollar and Weakens Rate-Cut Expectations
Gold eased as robust U.S. data lifted the dollar and dampened hopes of imminent Fed rate cuts, weakening safe-haven appeal.
Gold prices edged lower on Friday after stronger than expected U.S. economic data bolstered the dollar and reduced expectations for near term Federal Reserve rate cuts. Spot gold eased about 0.3% while U.S. futures also slipped, even as bullion remained on track for a weekly gain following record highs. Easing geopolitical tensions and muted safe haven demand further weighed on precious metal sentiment.